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CPCA Cui Dongshu: NEV Mkt, In Recovery Period of Tax Subsidy Adjustment, Requires More Policy Support
2026-03-13 15:51:01 After the official withdrawal of the domestic new energy vehicle (NEV) purchase tax exemption policy in Mainland China at the end of last year, the NEV market is in a recovery period of tax subsidy adjustment this year, China Passenger Car Association (CPCA) Secretary-General Cui Dongshu stated. Some consumers took advantage of the policy benefits last year, leading to a certain overdraft effect in January and February this year, which is a short-term sharp swings within expectation and does not represent the long-term market trend, Cui opined. However, this year is a major consumption year with a late Spring Festival, and the car market growth rate is diverging, with NEV performance being mediocre and still requiring more policy support. ~ AASTOCKS Financial News Website: www.aastocks.com | |